Dan Bernstein

Underdog , a sports prediction market and fantasy operator, does at least one thing better than anyone else: provide accurate, near-instant injury and roster move updates on social media.

An anonymous X account that frequently posts anti-Black and anti-Muslim messages collects checks from Kalshi , the prediction market operator valued at more than $20 billion.

Betting company Underdog has agreed to sell to IG Group Holdings, a publicly traded company from London, for as much as $1.3 billion in stock and cash based on performance incentives.

A new consumer advocacy group called the Sports Traders Union is launching with hopes of adding a voice to the prediction market discourse that won't be dismissed as a lobbying puppet.

FanDuel and CME Group are revising their prediction market joint-venture so that all sports-related bets placed on the FanDuel Predicts brokerage app will be executed via Crypto.com 's Nadex exchange instead of CME.

A new consumer advocacy group called the Sports Traders Union is launching with hopes of adding a voice to the prediction market discourse that won't be dismissed as a lobbying puppet. The group, unveiling Thursday, is primarily made up of professional bettors with prominent social media presences who actively use many of the top prediction market exchanges, including Kalshi.

At least six prediction market exchanges have conflicts of interest baked into their corporate structures via “affiliate relationships,” according

The biggest prediction market companies have been eager to position their products as “peer-to-peer,” pitting average Joes against other opinionated casuals.

Underdog CEO Jeremy Levine said Thursday his company is being sued in the Delaware Court of Chancery by Aristotle International Inc. and subsidiary

Prediction market companies are getting fresh lobbying support as they face mounting regulatory pressure from around the U.S. and aggressive public relations campaigns from opposing trade groups.